Global automotive energy recovery systems market growth is expected to be driven by major revenue contribution from Asia Pacific market

Energy recovery systems is which turns mechanical energy under braking system into electrical energy that can be stored into devoted batteries.

Major factor driving growth of the global automotive energy recovery systems market is increasing vehicle production across the globe and rising government initiatives to lower the air pollution by vehicles. In addition, rising trend of electric cars that emit no pollution is another factor expected to support growth of the global automotive energy recovery systems market.

The global automotive energy recovery systems market is segmented on the basis of product type, vehicle type, and region.

The market in Asia Pacific is expected to account for largest share in the global automotive energy recovery systems market in terms of revenue, owing to increasing government regulations related to air pollution by vehicles and presence of major manufacturers in countries in the region. The markets in North America and Europe is expected to account for significant revenue share in the global market. The market in Europe is projected to register lucrative CAGR in terms of revenue over the forecast period, owing to presence of major players operating in emerging economies in this region.